J.P. Morgan Posts First Loss Under Dimon’s Watch, and More

10/11/2013 11:52AM

What’s News: J.P. Morgan swings to a third quarter loss of $380 million from legal costs. The Organization for the Prohibition of Chemical Weapons wins the Nobel Peace Prize. Americans blame the GOP more for government shutdown in new WSJ/NBC Poll. Joanne Po reports. Photo: Getty Images

This transcript has been automatically generated and may not be 100% accurate.

... the NCR's its first loss under James Dynan swats this is what's news I'm WS J last I'm Joann Co JPMorgan swings to a third-quarter loss of three hundred and eighteen million dollars that's compared with a profit of five point seven billion dollars a year earlier the nation's biggest bank reporting that nine point one five billion dollars in legal expenses ... was the driving force behind the wastage legal charges related to everything from the London whale trading losses ... to mortgage litigation ... CEO Jamie diming calls the legal costs painful and says the bank is a lot closer to getting through its legal problems the Organization for the Prohibition of Chemical Weapons Range the Nobel peace Prize ... the sixteen year old watchdog group is currently oversee the destruction of Syria's arsenal of chemical weapons ... amid a bloody civil war the Nobel award committee's chairman emphasizing the importance of the summer there ... in the pursuit of world peace day eleven of the government shutdown new Wall Street Journal NBC poll finds that Americans play in the Republican party more for the shutdown ... participants in the poll give the GOP overall its lowest marks in the history of Journal polling which goes back over twenty years ... in all fifty three percent Labour publicans compared with thirty one percent ... when President Obama ... sixty three percent of respondents say it's a real and serious problem that Congress might not raise the country's borrowing limit ... as for the Journal an NBC say the Journal Marc some of the most dramatic if they have seen in decades in public attitudes towards the state of the country ... direction of the economy and wider political sentiment bookie keep us anomaly this is about as rapid and what's news I'm WS J last I'm Joann Co ...